Iowa Announces 'Stopgap' Relief For Small Businesses Disrupted By COVID-19

Joanna Estrada
March 26, 2020

The order also halts foreclosures on residential, commercial, and agricultural properties, and loosens licensing requirements for medical professionals. Those businesses include salons, barbershops, swimming pools, and tanning salons.

"I fully understand that this does not make up for having your businesses closed for a period of time, or your customer staying home, but it is our hope that we can help businesses weather this storm", Reynolds said during her Monday press conference. The closures will take effect at 10 p.m. Sunday and continue until March 31. But officials say the program is created to be a "stop-gap" measure until the state receives more federal funding from the expected national relief package.

Governor Reynolds today announced the launch of a new Iowa Small Business Relief Program that will provide financial assistance to small businesses that have been economically impacted by the COVID-19 pandemic.

Last week, Gov. Kim Reynolds ordered all restaurants and bars to close except for takeout and delivery.

IL governor J.B. Pritzker, a Democrat, issued a "shelter-in-place" order Friday, closing off nonessential travel in the state, but Reynolds reiterated at the press conference she was not planning on implementing a similar directive in Iowa. Before suspending the legislative session, lawmakers gave Reynolds permission to use up to about $20 million in emergency funds and gave her more transfer authority. "It really is that 30 day (period) until we know what assessment's coming from Washington and when that is going to be there". "But right now we're not at the place where we're ready to implement that order".

Other reports by Click Lancashire

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